Broad Street Development is in contract to buy the 36-story, 430,000-square-foot prewar office tower for $175 million, more than three times the price it traded for three years ago.

The downtown office tower located at 80 Broad St. is selling for $175 million, more than three times the price it traded for three years ago. Broad Street Development has signed a contract to buy the 36-story, 430,000-square-foot prewar office tower from Savanna Investment Fund, according to the New York Post.